Cartier owner Richemont posts dip in Q2 sales
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Cartier owner Richemont reported a 1% decline in sales for Q2, citing weaker conditions in China as a contributing factor.
November 08, 2024 | 6:45 am
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Richemont, owner of Cartier, reported a 1% decline in Q2 sales, affected by weaker market conditions in China.
The 1% decline in sales is directly linked to weaker market conditions in China, a significant market for luxury goods. This is likely to negatively impact Richemont's stock price in the short term as investors react to the sales dip.
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